Morning Report Thursday 10 April 2014
Whilst M&A (mergers & acquisitions) activity has been heating up in the retail sector over recent months, I still believe there are better sectors in which to invest and trade.
Despite this, I've taken a look at three retail sector stocks this morning, being Harvey Norman (HVN), JB Hi-Fi (JBH) & Myer (MYR).
There are more than 5% of open short positions in HVN, JBH and MYR. With this massive amount, I would be looking for a short squeeze (short spellings scrambling to cover positions) in the interim, probably within the next 2 weeks. This is positive for shareholders who have invested/traded in the past 18 months, where I would look to sell into any share price strength.
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